name: Polish mining and natural gas extraction company
The Polish Mining and Gas Extraction Company (Polskie Górnictwo Naftowe i Gazownictwo SA, PGNiG) is a Polish state-owned oil and gas company headquartered in Warsaw, Poland. The company has branches and representative offices in Russia, Pakistan, Belarus and Ukraine, and holds approximately 30 subsidiary shares, including professional geophysical, drilling and oil well service providers.
The Polish Mining and Gas Extraction Company is one of the largest companies in Poland and the largest oil and gas exploration and production company in Poland, and is listed on the Warsaw Stock Exchange.
The Polish Mining and Gas Extraction Company was established as a state-owned enterprise on September 1, 1982. It is the successor of the Polish Oil and Gas Mining Union, which was formed in 1976 by the merger of the Polish Gas Industry Union and the Petroleum Industry Union.
As of 2017, Polish mining and natural gas extraction companies have 20 direct and 14 indirect subsidiaries in the production, trade and service industries. The company also owns a mutual insurance company.
Polish mining and natural gas extraction companies mainly operate in the entire oil and gas value chain, including: exploration and development, upstream production, transportation and downstream processing, and the delivery of refined products to private and corporate customers. In 2008, the company supplied natural gas to 6.5 million customers. The largest customers are thermal power plants, steel mills and nitrogen plants.
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